Remove Corporate Governance Remove Evaluation Remove Mitigation
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Building an Effective Board Governance Committee: Everything You Need to Know

LogisManager

Building an Effective Board Governance Committee: Everything You Need to Know Last Updated: June 4, 2024 Your company relies on its board of directors to ensure high profitability and a good public reputation, and effective corporate governance is essential for supporting those goals. Many governance committees meet quarterly.

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Empowering Strategic Decision-Making with Real-Time Risk Dashboards

LogisManager

Empowering Strategic Decision-Making with Real-Time Risk Dashboards Published: December 12, 2023 In LogicManager’s latest product update release, powerful new in-app visualizations enable real-time data analysis, fostering informed decision-making and proactive risk strategies for strong corporate governance.

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Empowering Strategic Decision-Making with Real-Time Risk Dashboards

LogisManager

Empowering Strategic Decision-Making with Real-Time Risk Dashboards Published: December 12, 2023 In LogicManager’s latest product update release, powerful new in-app visualizations enable real-time data analysis, fostering informed decision-making and proactive risk strategies for strong corporate governance.

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Strategic Risk Management

LogisManager

This comprehensive guide provides insights into the proactive processes of identifying, assessing, and mitigating risks associated with strategic decisions. Strategic risk management is a process designed to identify, assess, and mitigate potential internal and external risks associated with strategic decisions.

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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time.

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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time.

Audit 52
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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They are the ones who “own” the risk and are responsible for taking actions to mitigate it.